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Tag: emerging

Chinese and US tech giants go at it in emerging markets

Chinese and US tech giants go at it in emerging markets

Finance
TWO contests are under way in which titans holding billions in their thrall vie for global domination. One is unfolding on Russian football pitches and features the likes of Neymar and Harry Kane. The other is playing out on the smartphone screens of consumers in India, Indonesia, Brazil and other emerging economies. There, American online superstars such as Google, Facebook and Amazon are pitted against a Chinese dream team led by Alibaba and Tencent.The geopolitics of business means that the world’s biggest tech firms have swelled to combined market capitalisations of over $ 4trn without really going head to head. China blocked Google et al with its Great Firewall, preventing American firms (Apple is an obvious exception) from taking on Chinese rivals on the mainland. Chinese giant...
Piramal Finance commits Rs 400cr in emerging, mid-market space

Piramal Finance commits Rs 400cr in emerging, mid-market space

Finance
NEW DELHI: Financial services firm, Piramal Finance today said it has sanctioned Rs 400 crore through its vertical - Emerging Corporate Lending (ECL) to fund emerging and mid-market businesses. ECL has been set up as a sector-agnostic platform and engages with clients across manufacturing, trade and services sectors, offering solutions with ticket size ranging from Rs10-100 crore. "This is a natural progression for our platform and adds both diversification and granularity to our existing lending portfolio. With competitive interest rates and a flexible product offering, we are confident that Piramal Finance will be able to scale up its presence within this space," Piramal Finance managing director, Khushru Jijina said in a statement here today. ECL has provided funding to sectors as ...